The position $BTC may become a key position; if it cannot be held, there will be continued downward fluctuations.
Figure 1: Currently, $BTC has gained the trend line. As long as it holds steady here, it can continue to rise. The support level of the trend line at 8 PM is 101700; if the 4-hour closing is above 102400, there is a possibility of continuing to rebound and breaking through 103820. The corresponding upward target can refer to the positions mentioned in the previous video.
Figure 2: From a wave perspective, it seems that another triangular adjustment wave may occur here (not completed, so its accuracy cannot be determined). After the adjustment, there may be a new upward trend. If it breaks the trend line in Figure 1, then it may follow the downward trend mentioned in the previous video, leading to a wide range of fluctuations. Those who do not understand can refer to the previous video.
Figure 3: From a harmonic perspective, if it breaks the trend line in Figure 1, then these four positions may become the next starting points. Positions 2 and 3 in the figure correspond to the wave trend mentioned in the previous video (not breaking below 89), while position 4 corresponds to the downward trend breaking below 89. Position 1 has the lowest probability among the four, but it cannot be directly ruled out.
All of the above is rational technical analysis; how it actually unfolds depends on the market providing direction. Currently, what we need to do is observe whether this trend line can hold. If it can hold, then short-term operations do not need to worry; if it breaks, short-term operations may need to pay attention to risk control. For long-term operations, there is no need for excessive concern; this breakthrough of the previous high eliminates the possibility of a deep pullback. The worst result would be just a wide range of fluctuations, and after the fluctuations and adjustments, the upward trend will continue. Therefore, patiently wait for the direction of the upcoming market movement to be chosen.
